Addendum to Employment Agreement between Nexstar Broadcasting Group, Inc. and Duane Lammers (August 28, 2003)

Summary

This addendum updates the employment agreement between Nexstar Broadcasting Group, Inc. and Duane Lammers. It extends the period for termination payments to one year and grants Mr. Lammers 100,000 stock options at the time of the company's IPO, with half vesting immediately and the rest vesting over five years. The addendum is effective upon signing by both parties.

EX-10.75 13 dex1075.txt ADDENDUM TO EMPLOYMENT AGREEMENT, DATED AS OF AUGUST 28, 2003 Exhibit 10.75 Perry A. Sook President/CEO TO: Duane Lammers FR: Perry A. Sook RE: Addendum to your Employment Agreement DA: 8/28/03 Reference is hereby made to your Executive Employment Agreement with Nexstar Broadcasting Group dated January 5, 1998 and as amended February 9, 2001, August 14, 2002 and May 20, 2003. This memorandum will serve as an additional addendum. Paragraph 6(b).(i). Termination Payments: The period is hereby extended to one year. Equity Compensation: At the time of the IPO you will be granted a total of 100,000 options, 50,000 of which will be immediately vested and the remainder will vest in equal installments on the five subsequent anniversaries of the Offering. Please indicate your agreement with the acceptance of the terms and conditions of this addendum as of the date written by signing below. Sincerely, Accepted and Agreed; /s/ Perry A. Sook /s/ Duane Lammers Perry A. Sook Duane Lammers President/CEO Executive VP/COO Nexstar Broadcasting Group, Inc. 909 Lake Carolyn Parkway, Suite 1450, Irving, TX 75039, (972) 373-8800 fax ###-###-####